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Steel prices remained stable overall, while coking coal futures rose by more than 1%.

Time:2025-11-06

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◎ Steel Billets: On the 6th, direct transactions of Tangshan steel billets were generally steady, with spot prices at warehouses quoted at 2,980 yuan per ton, including tax and delivered to customers. Meanwhile, downstream finished-product prices remained stable but edged slightly lower, resulting in overall weak trading activity. It is expected that steel billet ex-factory prices may hold steady this afternoon. (Unit: Yuan/ton)

◎ Scrap Steel: On the 6th, scrap steel prices in Shanghai remained stable. Specific quotes are as follows: - Steel plate material ≥8mm: ¥2,250–2,310 - Steel plate material ≥6mm: ¥2,210–2,250 - Structural steel sections (angles, channels) ≥6mm: ¥2,180–2,240 - Structural steel sections (angles, channels) ≥4mm: ¥2,150–2,190 - Heavy scrap: ¥2,090–2,150 - Medium-grade shear-cut scrap: ¥2,010–2,050 - Small-scale shear-cut scrap: ¥1,850–1,910 - Light scrap: ¥1,630–1,690 - General mixed scrap: ¥1,570–1,610 - Oil-contaminated scrap: ¥1,360–1,400, excluding tax. (Unit: RMB/ton)

◎ Pig Iron: On the 6th, national quotations for steelmaking pig iron saw individual price reductions across the country. Linfen: 2,780 yuan/ton; Wu'an: 2,680 yuan/ton; Tangshan: 2,560 yuan/ton; Laiwu: 2,680 yuan/ton; Linyi: 2,670 yuan/ton; Fujian: 2,700 yuan/ton; Inner Mongolia: 2,500 yuan/ton; Kunming: 2,410 yuan/ton; Xinjiang: 2,400 yuan/ton; Liaoyang: 2,570 yuan/ton; Hubei: 2,540 yuan/ton. (Unit: yuan/ton)

◎ Coking Coal: On the 6th, the spot market for coking coal at ports remained stable. Trading activity in the domestic spot market was moderate, with the volume of coal arriving at the two major ports via road transport staying steady compared to the previous business day. Meanwhile, the total inventory at the two ports edged down slightly from the prior day. Specifically, Rizhao Port held 44 units, while Qingdao Port recorded 69 units, a decrease of 1. The combined inventory across both ports now stands at 113, down 4 from last week. Moving forward, market trends will depend on factors such as downstream steel mills' profit margins, changes in coking coal costs, and overall sentiment in the futures market—each of which could influence coking coal prices at the port. Here are the current spot prices for various coking coal products at the ports: Trade cash-for-delivery prices: - Quasi-Grade 1 (wet quenched) coke: ¥1,570 per ton - Quasi-Grade 1 (dry quenched) coke: ¥1,770 per ton - Grade 1 (wet quenched) coke: ¥1,670 per ton - Coke fines: ¥1,240 per ton - Coke breeze: ¥1,030 per ton

Keywords: Steel prices remained stable overall, while coking coal futures rose by more than 1%.

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Steel prices remained stable overall, while coking coal futures rose by more than 1%.

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